Chevron Extends Dividend Growth Streak to 39 Years with 4% Increase
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy CVX?
Source: Fool
- Dividend Growth Momentum: Chevron raised its quarterly dividend by 4% to $1.78 per share, annualizing to $7.12, extending its growth streak to 39 years, which underscores the company's commitment to shareholder returns and is likely to attract more investor interest.
- Passive Income Potential: A $3,000 investment in Chevron at the current price of around $185 allows for the purchase of 16 shares, yielding an expected $113.92 in dividends in the first year, with a cumulative total of $617.03 over five years, significantly outperforming other peers.
- Strong Cash Flow Support: Chevron generated $16.6 billion in free cash flow last year, achieving industry-leading growth despite falling oil prices, and expects a $12.5 billion increase in free cash flow this year, ensuring the company can sustain and grow its dividends.
- Future Growth Expectations: The company anticipates its free cash flow will grow at a compound annual growth rate of over 10% through 2030, driven by expansion projects and the Hess acquisition, providing ample funding for future dividend increases.
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Analyst Views on CVX
Wall Street analysts forecast CVX stock price to fall
19 Analyst Rating
15 Buy
4 Hold
0 Sell
Strong Buy
Current: 184.780
Low
158.00
Averages
176.95
High
206.00
Current: 184.780
Low
158.00
Averages
176.95
High
206.00
About CVX
Chevron Corporation is an integrated energy company. The Company produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance its business and industry. The Company’s segments include Upstream and Downstream. Upstream operations consist primarily of exploring for, developing, producing and transporting crude oil and natural gas; liquefaction, transportation and regasification associated with LNG; transporting crude oil by major international oil export pipelines; processing, transporting, storage and marketing of natural gas; carbon capture and storage; and a gas-to-liquids plant. Downstream operations consist primarily of the refining of crude oil into petroleum products; marketing crude oil, refined products, and lubricants; manufacturing and marketing of renewable fuels, and transporting of crude oil and refined products by pipeline, marine vessel, motor equipment and rail car.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Dividend Growth Momentum: Chevron raised its quarterly dividend by 4% to $1.78 per share, annualizing to $7.12, extending its growth streak to 39 years, which underscores the company's commitment to shareholder returns and is likely to attract more investor interest.
- Passive Income Potential: A $3,000 investment in Chevron at the current price of around $185 allows for the purchase of 16 shares, yielding an expected $113.92 in dividends in the first year, with a cumulative total of $617.03 over five years, significantly outperforming other peers.
- Strong Cash Flow Support: Chevron generated $16.6 billion in free cash flow last year, achieving industry-leading growth despite falling oil prices, and expects a $12.5 billion increase in free cash flow this year, ensuring the company can sustain and grow its dividends.
- Future Growth Expectations: The company anticipates its free cash flow will grow at a compound annual growth rate of over 10% through 2030, driven by expansion projects and the Hess acquisition, providing ample funding for future dividend increases.
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